Wayfair
408 hedge funds and large institutions have $17.6B invested in Wayfair in 2020 Q4 according to their latest regulatory filings, with 77 funds opening new positions, 177 increasing their positions, 102 reducing their positions, and 84 closing their positions.
74% more repeat investments, than reductions
Existing positions increased: 177 | Existing positions reduced: 102
7% more call options, than puts
Call options by funds: $1.82B | Put options by funds: $1.71B
8% less first-time investments, than exits
New positions opened: 77 | Existing positions closed: 84
2% less funds holding
Funds holding: 418 → 408 (-10)
6.14% less ownership
Funds ownership: 113.01% → 106.86% (-6.1%)
22% less capital invested
Capital invested by funds: $22.5B → $17.6B (-$4.85B)
24% less funds holding in top 10
Funds holding in top 10: 17 → 13 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$572M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$197M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$174M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$104M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$99.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHIM
Spruce House Investment Management
New York
|
-$650M |
| 2 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$437M |
| 3 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$144M |
| 4 |
Morgan Stanley
New York
|
-$132M |
| 5 |
D.E. Shaw & Co
New York
|
-$124M |
W Hedge Fund Activity: Q4 2020 in Review
408 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Wayfair (W) for Q4 2020, worth a combined $17.6B — down 22% from $22.5B a quarter earlier.
Sellers outnumbered buyers: 84 funds closed out of W and 77 opened new positions — a net loss of 7 holders — while 102 trimmed existing stakes and 177 added.
The largest buyer was Vulcan Value Partners, opening a new position worth an estimated $572M. The largest seller was Spruce House Investment Management, cutting an estimated $650M.
- 408 institutional investors held Wayfair (W) as of Q4 2020, down from 418 in Q3 2020.
- Funds reported $17.6B of Wayfair stock for Q4 2020, down 22% quarter-over-quarter.
- 77 funds opened new Wayfair positions in Q4 2020 and 84 closed out, a net change of -7 holders.
- The largest Wayfair buyer in Q4 2020 was Vulcan Value Partners, an estimated $572M added.
- The largest Wayfair seller in Q4 2020 was Spruce House Investment Management, an estimated $650M sold.
Based on aggregated 13F filings for Q4 2020.